Hi Jeanette
Yep. Telstra and any other telecommunications tower on leased land with separate valuation should be rated as Business.
Might be advisable to check the terms of the lease to ensure there is a clause saying Telstra are required to pay the rates.
Have seen some leases where there is no clause stipulating the telecommunications provider has to pay the rates. In those situations the property owner would be liable to pay the rates that are levied.
Hope this helps.
Regards
Trevor
